Cap 1119 s 11 Costs of administering the fund (POLICE CHILDREN'S EDUCATION TRUST ORDINANCE)

Contents of Section

Chapter:	1119	Title:	POLICE CHILDREN'S EDUCATION TRUST ORDINANCE	Gazette Number:	76 of 1999
Section:	11	Heading:	Costs of administering the fund	Version Date:	01/07/1997

Remarks:

Adapation amendments retroactively made - see 76 of 1999 s. 3

(1) The cost of the administration of the fund, other than the salaries and fees paid under subsection (2) of section 8, shall be a charge upon the general revenue of Hong Kong:
Provided that the Financial Secretary may direct that an annual supervision fee to be determined by him shall be charged against the income of the fund and paid into the general revenue of Hong Kong. (Amended 76 of 1999 s. 3)
(2) The fee charged under the proviso to subsection (1) shall-

(a) be in respect of the period from the vesting day to 31 March 1968, and thereafter in respect of every period of one year ending on 31 March; and

(b) not exceed two and a half per cent of the income of the fund over the relevant period.